In 2023, the market size for footwear with outer soles and uppers of rubber or plastics in Canada was estimated at approximately 885 million USD. The forecasted data from 2024 to 2028 indicates a steady decline in market size. Year-on-year percentage variations show negative growth, with the market diminishing annually. The compound annual growth rate (CAGR) over these five years is negative, reflecting an average contraction per year.

Future trends to watch for include:

Shifts in consumer preferences towards eco-friendly and sustainable materials.
Potential market influences from technological advancements in product manufacturing.
Impacts of economic conditions on consumer spending power.